SteelPeak Wealth LLC Decreases Stock Holdings in Extra Space Storage Inc. (NYSE:EXR)

SteelPeak Wealth LLC lessened its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 22.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 12,270 shares of the real estate investment trust’s stock after selling 3,654 shares during the period. SteelPeak Wealth LLC’s holdings in Extra Space Storage were worth $1,804,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Symphony Financial Ltd. Co. raised its holdings in Extra Space Storage by 4.4% during the 1st quarter. Symphony Financial Ltd. Co. now owns 9,858 shares of the real estate investment trust’s stock valued at $1,449,000 after buying an additional 412 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Extra Space Storage by 8.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,636 shares of the real estate investment trust’s stock valued at $1,122,000 after buying an additional 583 shares during the period. Vert Asset Management LLC raised its holdings in Extra Space Storage by 1.1% during the 1st quarter. Vert Asset Management LLC now owns 86,495 shares of the real estate investment trust’s stock valued at $12,715,000 after buying an additional 973 shares during the period. Ignite Planners LLC purchased a new stake in Extra Space Storage during the 1st quarter valued at $702,000. Finally, Gulf International Bank UK Ltd raised its holdings in Extra Space Storage by 0.7% during the 1st quarter. Gulf International Bank UK Ltd now owns 17,446 shares of the real estate investment trust’s stock valued at $2,564,000 after buying an additional 127 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Insider Buying and Selling at Extra Space Storage

In other Extra Space Storage news, Director Joseph J. Bonner sold 677 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $148.22, for a total value of $100,344.94. Following the completion of the sale, the director now directly owns 5,229 shares in the company, valued at $775,042.38. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EXR has been the topic of several research analyst reports. Citigroup cut their price objective on Extra Space Storage from $168.00 to $160.00 and set a “neutral” rating on the stock in a research report on Friday, June 7th. Evercore ISI cut their price objective on Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. Raymond James reaffirmed an “outperform” rating and issued a $160.00 price objective on shares of Extra Space Storage in a research report on Thursday, March 28th. Wells Fargo & Company upped their price objective on Extra Space Storage from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Barclays increased their price target on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday, May 20th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $151.83.

Extra Space Storage Trading Down 0.2 %

Extra Space Storage stock opened at $155.41 on Monday. The stock has a 50-day moving average of $147.08 and a two-hundred day moving average of $146.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.15 and a current ratio of 0.15. Extra Space Storage Inc. has a one year low of $101.19 and a one year high of $164.99. The stock has a market cap of $32.90 billion, a PE ratio of 34.61, a price-to-earnings-growth ratio of 3.73 and a beta of 0.83.

Extra Space Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were paid a $1.62 dividend. This represents a $6.48 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Friday, June 14th. Extra Space Storage’s dividend payout ratio (DPR) is presently 144.32%.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.